FED cuts 75 just now!!! | Forex Factory

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FED cuts 75 just now!!!

  • #1
  • First Post: Jan 22, 2008 7:21am Jan 22, 2008 7:21am
!!!
  • #2
  • Jan 22, 2008 7:22am Jan 22, 2008 7:22am
What The Hell Is This???
  • #3
  • Jan 22, 2008 7:23am Jan 22, 2008 7:23am
No joke, cut 75.
  • #4
  • Jan 22, 2008 7:24am Jan 22, 2008 7:24am
was it planned to be told at this time????????

i did not see any news releases today.
  • #5
  • Jan 22, 2008 7:25am Jan 22, 2008 7:25am
There were news desk rumors of combined intervention, so far only U.S. action.

liquidity essentially fully pulled from my ECN. big spike on the news and not a tick for what seemed like forever. Keep your power dry would be my thought.
  • #6
  • Jan 22, 2008 7:25am Jan 22, 2008 7:25am
Quoting Pip Hunter E
!!!

Ah - thx
Trading Levels with WRBs
  • #7
  • Jan 22, 2008 7:25am Jan 22, 2008 7:25am
Quoting Bernanke_Sr
was it planned to be told at this time????????

i did not see any news releases today.
It was not planed. Seriously, cut 75. I am not kidding at all. lol.
  • #8
  • Jan 22, 2008 7:26am Jan 22, 2008 7:26am
no i understand that there is a rate cut...

but come on.. they had to inform us before...

SCREW YOU BERNANKE...

  • #9
  • Jan 22, 2008 7:26am Jan 22, 2008 7:26am
Great... And i just blew up another account.
  • #10
  • Jan 22, 2008 7:27am Jan 22, 2008 7:27am
In looking at my charts, I cannot conceive why banks are taking this as good news in USD/JPY.
  • #11
  • Jan 22, 2008 7:28am Jan 22, 2008 7:28am
Quoting Bernanke_Sr
no i understand that there is a rate cut...

but come on.. they had to inform us before...

SCREW YOU BERNANKE...

"All your credit bubbles are belong to us"? lol
  • #12
  • Jan 22, 2008 7:29am Jan 22, 2008 7:29am
la la la la laaaaa la la la la la laaaaa : la la la la la laaaaaaaaaaa
Ado Whether you believe you can do a thing or not, you are right.
  • #13
  • Jan 22, 2008 7:29am Jan 22, 2008 7:29am
Quoting morton82
Great... And i just blew up another account.
for real?

been there done that...

but this stupid bernanke should not have done that without informing people before... how many of you guys here knew a rate cut would happen at 8:20 AM in NY time? and would be 75 points?
  • #14
  • Jan 22, 2008 7:30am Jan 22, 2008 7:30am
wtf ?
75 points ? I hope the market will interpret this as a good, otherwise we are doomed....
  • #15
  • Jan 22, 2008 7:30am Jan 22, 2008 7:30am
they did it in purpose so we cannot speculate with the fuc*in interest rate news.I am waiting for it from the beginning of this year
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #16
  • Jan 22, 2008 7:31am Jan 22, 2008 7:31am
Quoting Bernanke_Sr
how many of you guys here knew a rate cut would happen at 8:20 AM in NY time? and would be 75 points?
I use Trade The News, and they've been talking all morning about rumors of a combined intervention. So far only U.S. did something. Close your positions and sit on your hands today is my thinking lol.
  • #17
  • Jan 22, 2008 7:31am Jan 22, 2008 7:31am
Of course the interest rate differential is now hugely unfavourable for the carry trade right? So there will be a huge drop in USDJPY yes ....I am right arent I?... After all thats what I was always told.
  • #18
  • Jan 22, 2008 7:32am Jan 22, 2008 7:32am
Quoting Bernanke_Sr
for real?

been there done that...

but this stupid bernanke should not have done that without informing people before... how many of you guys here knew a rate cut would happen at 8:20 AM in NY time? and would be 75 points?
You're kidding mate? There have been rumors floating around since London opening.. why do you think GJ, GU have shot up since then? Usually these surprise cuts occur anywhere from 5 am to 5.30 am PST (8 am to 8.30 am EST) I remember the last one was somewhere at 8.15 am EST.

I was ready this time.. *phew*
  • #19
  • Jan 22, 2008 7:34am Jan 22, 2008 7:34am
Quoting RichD
Of course the interest rate differential is now hugely unfavourable for the carry trade right? So there will be a huge drop in USDJPY yes ....I am right arent I?... After all thats what I was always told.
Rate in Jp = .75% Rate in US 4%... Carry trade is still here for a long time...
  • #20
  • Jan 22, 2008 7:34am Jan 22, 2008 7:34am
Quoting RichD
Of course the interest rate differential is now hugely unfavourable for the carry trade right? So there will be a huge drop in USDJPY yes ....I am right arent I?... After all thats what I was always told.
Logically, yes, that is what should happen. But the current market scenario is all about risk aversion - if the stock markets collapse.. the carry trades collapse. Remember that the stock markets rally anytime there is a rate cut. Why? Because, apparently, less chance of a recession - so carries rally as well.

Same thing happened last time - rate cut, and GJ and UJ rallied. You have to be aware of the market conditions ..the same logic does not apply in different conditions.
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